Capitalism

Generally speaking, capitalism is
an economic system that is based on private
ownership of the means of production. Some people use the term
capitalist as referring to the free market. Other times it is used to refer to an
economic system like we see in the United States today. The economic system of
the United States is far from free market so we should be careful with how we
use our terms.
The current economic system in the United States features a
symbiotic relationship between big business and government. Because of
political privilege, a relatively small number of people control the investable
wealth and the means of production. Some may consider aspects of the economy
today "capitalist", but it is certainly nowhere close to a free
market. A genuinely freed market would look radically different than what we
see today.

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